Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Winnebago Industries's
Operating Income
for the
three
months ended in Feb. 2024 was $35 Mil. Winnebago Industries's Interest Expense for the
three
months ended in Feb. 2024 was $-5 Mil.
Winnebago Industries's interest coverage for the quarter that ended in Feb. 2024 was 6.68.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Winnebago Industries's Interest Coverage or its related term are showing as below:
WGO'
s Interest Coverage Range Over the Past 10 Years
Min: 3.04 Med: 12.11 Max: No Debt
Current: 11.36
WGO's Interest Coverage is ranked better than 59.55% of 1031
companies
in the Vehicles & Parts industry
Industry Median: 7.72
vs WGO: 11.36
Winnebago Industries Interest Coverage Historical Data
The historical data trend for Winnebago Industries's Interest Coverage can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Competitive Comparison of Winnebago Industries's Interest Coverage
For the Recreational Vehicles subindustry, Winnebago Industries's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Winnebago Industries's Interest Coverage Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Winnebago Industries's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Winnebago Industries's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Winnebago Industries Interest Coverage Related Terms
Thank you for viewing the detailed overview of Winnebago Industries's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Winnebago Industries (Winnebago Industries) Business Description
Winnebago Industries manufactures Class A, B, and C motor homes along with towables, customized specialty vehicles, boats, and parts. Headquartered in Eden Prairie, Minnesota, Winnebago has been producing recreational vehicles since 1958. Revenue was about $3.5 billion in fiscal 2023. Winnebago expanded into towables in 2011 with the acquisition of SunnyBrook and acquired Grand Design in November 2016. Towables made up 79% of the firm's RV unit volume, up from 31% in fiscal 2016. The company's total RV unit volume was 39,447 in fiscal 2023. Winnebago expanded into boating in 2018 with the purchase of Chris-Craft, bought premium motor home maker Newmar in November 2019, and bought Barletta pontoon boats in August 2021. It also is developing electric and autonomous technology.
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